No other NFT Platform has made it to $4 billion sales except Axie Infinity now.
Non-Fungible Token, aka the NFT marketplace, has taken the world by its feet and is growing immensely in this digital era. A plethora of NFT providers are coming up every then and now because of the promising opportunities associated with it. They are indeed in immeasurable demand with lots of more growth prospects.
However, there is also no denying the fact that this market is becoming extremely challenging with the increased competition among the providers. But, the name that emerged on the surface with a crowning number in its sales is the Axie Infinity.
Axie Infinity is an online video game that runs on the NFT module with the help of the latest blockchain technology. It has gained immense success at establishing a profound name in the minds of players for its crypto and play-to-earn concept.
Axie Infinity Breaks All Records Ever To Be The Biggest NFT Collector
The proof of its success came out from the recorded data by CryptoSlam last Tuesday where it was revealed that Axie Infinity has managed to take its sales to $4 billion.
This was the highest number for the company itself since its working. However, the more rewarding and happening part is that the $4 billion mark is not just the company’s highest, but the record of any other NFT till today.
When we look deeper, things are more impressive because Axie Infinity has achieved such a grand feat in just four years. It was introduced in 2018, and it is now breaking records and making it to the top rank now. Nearly 3 million players from different regions across the globe were seen playing this game in January 2022. However, if stats are placed in front, one may observe that the game gained more acceptance in the last year only. The Philippines is said to be the primary region where the craze for Axie Infinity was soaring high.
Axie Infinity has several types of lands that are categorized as per their rarity. A plot at Genesis lands at Axie Infinity is a rare find because they are only 220 in total. The point that demands attention here is that a player paid 550 ETH on this plot in November 2021.
After applying the conversion rate, it is right that the value of 550 ETH might have been $2.3 million at that time. It was just one of the transactions done over this video game platform. More stats say that there were 2 million trades that contributed towards the new record of $4.14 billion. The average price is noted to be around $198 for the Axie Infinity session.
It will be worth noticing that when cryptocurrency fell at the start of 2022, it was NFTs that remained in light with gladdening results. The numbers of NFT sales globally are reported to be $7 billion, and that too in a single month of January 2022. This number broke the previous highest record of $3 billion which was in August 2021.
Disclaimer: Cryptogurukul has no relationship to these projects, and there is no endorsement or investment advise. Please seek professional advice before taking financial risks.